assumable
Able to suppose
Assumable describes something that can be assumed—taken for granted, supposed, or taken on.
An assumable mortgage can be transferred from seller to buyer, letting the buyer take over the existing loan terms rather than securing new financing.
More generally, assumable responsibilities or roles are ones that can be adopted or taken up by someone else.
Gradual debt reduction schedule
- creditorOne owed money
- borrowerOne who takes temporarily
- interestAttention, stake, or fee
- lenderOne who loans money
loan · default · creditworthiness · refinance · collateral · liability · principal · repayment
Enforceable written agreement
- liabilityLegal or financial obligation
- jurisdictionLegal authority's scope
- statuteEnacted written rule
- regulationOfficial rules governing conduct
attorney · arbitration · indemnity · assignment · novation · succession · clause · provision
Obligation for one's actions
- dutyRequired moral task
- obligationRequired task or commitment
- burdenOppressive weight or duty
- commitmentFirm pledge to act
charge · role · stewardship · oversight · management · care · answerability · delegation
One who loans money
- borrowerOne who takes temporarily
- propertySomething owned or inherent
- loanBorrowed money repaid later
- qualificationRequired skill or condition
underwriting · credit · approval · financing · equity · escrow · lien · principal
Conclusion reached through reasoning
- suppositionBelief without proof
- hypothesisTestable proposed explanation
- postulationAssuming something as given
- beliefTrust held as true
expectation · preconception · notion · impression · presupposition · given · premise · axiom
Source of potential harm
- uncertaintyState of being unsure
- ventureRisky new undertaking
- probabilityQuantified chance of occurrence
- dangerExposure to harm
exposure · vulnerability · threat · contingency · chance · odds · mitigation · assessment
amortization
Gradual debt reduction schedule
lender · loan · default · creditworthiness · refinance · collateral · liability · principal · repayment · installment
contract
Enforceable written agreement
- liabilityLegal or financial obligation
- jurisdictionLegal authority's scope
- statuteEnacted written rule
regulation · attorney · arbitration · indemnity · assignment · novation · succession · clause · provision · agreement
accountability
Obligation for one's actions
- dutyRequired moral task
- obligationRequired task or commitment
- burdenOppressive weight or duty
commitment · charge · role · stewardship · oversight · management · care · answerability · delegation · succession
lender
One who loans money
qualification · underwriting · credit · approval · financing · equity · escrow · lien · principal · transfer
inference
Conclusion reached through reasoning
- suppositionBelief without proof
- hypothesisTestable proposed explanation
- postulationAssuming something as given
belief · expectation · preconception · notion · impression · presupposition · given · premise · axiom · default
hazard
Source of potential harm
- uncertaintyState of being unsure
- ventureRisky new undertaking
- probabilityQuantified chance of occurrence
danger · exposure · vulnerability · threat · contingency · chance · odds · mitigation · assessment · tolerance
role
Position or part
alias · disguise · facade · mantle · pretense · impersonation · adoption · portrayal · masquerade · cover
assumableproven
Established as fact
verified · confirmed · certain · demonstrated · established
assume, presume, assumed, assumption, assuming, unassuming, assumes, presuming, presumed